Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-06-06

LuxeYard enters India to increase global presence

LuxeYard, Inc., the fast-growing boutique luxury flash sale site, today announced plans to expand to India under an exclusive licensing deal with veteran technology and retail entrepreneur, Sashi Chimala.

LuxeYard enters India to increase global presence

LuxeYard, Inc; the fast-growing boutique luxury flash sale site, today announced plans to expand to India under an exclusive licensing deal with veteran technology and retail entrepreneur, Sashi Chimala.

Under the terms of the agreement, Chimala will establish LuxeYard India with a dedicated team to build out product acquisition, marketing and merchandising operations to manage the site.  Working closely with the U.S team, LuxeYard India will leverage the company's existing e-commerce platform and operations infrastructure, as well as its extensive knowledge of selling fashion, home furnishings and decor via the flash sale model.

"This exciting deal provides access to one of the fastest growing e-commerce markets in the world, where rising consumer spending power and demand for luxury goods will combine to help us achieve our revenue goals and business objectives. Under Sashi's leadership and with his history of successful entrepreneurial ventures, we have great confidence that our partnership will be successful," said Braden Richter, CEO, LuxeYard, Inc.

The new venture expands upon LuxeYard's growing international presence, and provides increased revenue potential through reciprocal access to the products offered on both the U.S and Indian sites. LuxeYard India will make its products available to the company's global distribution network and products that LuxeYard sources in the U.S. and from throughout the world will be made available to the Indian market.

"The e-commerce market is in a state of rapid growth and the flash sale model is just now beginning to emerge in India," said Chimala. "Our partnership is structured to immediately leverage our respective products, people and technology and will allow LuxeYard to enter the market quickly. Over time it will also allow us to realize even more efficiencies and cost savings," he added.

India joins Australia and New Zealand as recent new international territories for LuxeYard, further bolstering the company's global presence.

Related opportunities
  • Clinics & Nursing Homes
    ·         ServElder has wide experience in providing ..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    BHAJIPOODI – The Breakfast café  India's No.1 Breakfast cafe brings a..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Aligarh Uttar Pradesh
  • Preschools
    About Us: Innocent Times are running a preschool from Pg to..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Tea And Coffee Chain
    About Us: About: Started in 2017, Jail Chai  Bar is a unique..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads